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Namutech appoints Kim Hwa-joong as president, shifts to co-CEO structure
Virtualisation and cloud company Namutech said on Wednesday it appointed Kim Hwa-joong as its new president. It plans to shift to a co-CEO structure after completing procedures through a shareholders meeting and the board of directors. Kim is an IT professional with about 25 years of experience at global consulting firms and major domestic systems integration companies. He has overseen companywide strategy and operations since April 1.
AI & Enterprise
Namu Technology selected as AI voucher supplier, targets manufacturing, bio and finance AX
Namu Technology said on Sunday it has been selected as a supplier for the Ministry of Science and ICT and NIPA-led 2026 AI Voucher Support Project. The company will provide AI transformation (AX) solutions to client companies in manufacturing, bio, finance and the public sector. It plans to focus on security, data sovereignty and real-time processing through fully on-premises deployment and edge AI technology.
AI & Enterprise
AI fear spreads to cybersecurity sector as firms say core business not easily disrupted
Cybersecurity stocks fell after AI developer Anthropic unveiled Claude Code Security, a tool that scans AI-written code for vulnerabilities and suggests patches. Shares of CrowdStrike and Zscaler slid 9 percent and Netskope nearly 10 percent. Big Tech is also expanding AI security efforts. Still, some view the market reaction as excessive, arguing Claude Code Security may compete with code-security tools but cannot replace broader defences. Investors also doubt firms will consolidate all needs into a single AI vendor.
